Natural Resource Partners L.P. (NYSE:NRP - Get Free Report) saw an uptick in trading volume on Monday . 20,030 shares traded hands during mid-day trading, a decline of 23% from the previous session's volume of 25,993 shares.The stock last traded at $90.01 and had previously closed at $90.51.
Wall Street Analyst Weigh In
Separately, StockNews.com raised Natural Resource Partners from a "buy" rating to a "strong-buy" rating in a research report on Friday, March 8th.
Read Our Latest Report on Natural Resource Partners
Natural Resource Partners Trading Up 0.2 %
The company has a market cap of $1.17 billion, a PE ratio of 6.89 and a beta of 0.47. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.23. The business has a 50-day simple moving average of $90.35 and a 200-day simple moving average of $86.54.
Natural Resource Partners (NYSE:NRP - Get Free Report) last posted its quarterly earnings results on Thursday, March 7th. The energy company reported $4.31 EPS for the quarter. The business had revenue of $93.16 million during the quarter. Natural Resource Partners had a net margin of 59.68% and a return on equity of 44.05%.
Natural Resource Partners Increases Dividend
The firm also recently declared a None dividend, which was paid on Tuesday, March 26th. Shareholders of record on Tuesday, March 19th were paid a $2.44 dividend. This is an increase from Natural Resource Partners's previous None dividend of $2.43. The ex-dividend date was Monday, March 18th. Natural Resource Partners's payout ratio is 22.81%.
Hedge Funds Weigh In On Natural Resource Partners
Several institutional investors have recently modified their holdings of NRP. Commonwealth Equity Services LLC acquired a new position in shares of Natural Resource Partners in the third quarter worth $258,000. Raymond James & Associates purchased a new position in Natural Resource Partners in the third quarter valued at $221,000. ING Groep NV raised its stake in Natural Resource Partners by 410.0% in the third quarter. ING Groep NV now owns 20,400 shares of the energy company's stock valued at $1,609,000 after buying an additional 16,400 shares in the last quarter. Meixler Investment Management Ltd. lifted its holdings in Natural Resource Partners by 11.8% during the 3rd quarter. Meixler Investment Management Ltd. now owns 27,552 shares of the energy company's stock worth $2,173,000 after buying an additional 2,897 shares during the last quarter. Finally, Jump Financial LLC acquired a new position in shares of Natural Resource Partners during the 3rd quarter worth about $252,000. Institutional investors and hedge funds own 31.77% of the company's stock.
About Natural Resource Partners
(
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Natural Resource Partners L.P., together with its subsidiaries, owns, manages, and leases a portfolio of mineral properties in the United States. It operates in two segments, Mineral Rights and Soda Ash. The company owns interests in coal, soda ash, trona, and other natural resources. Its coal reserves are primarily located in the Appalachia Basin, the Illinois Basin, and the Northern Powder River Basin in the United States; industrial minerals and aggregates properties located in the United States; and oil and gas properties located in Louisiana.
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